Phase 1..11,000T @ $100 basket, price indicates a SP of $6.40..$1.1 B income between sept 2011-12.
Phase 1..fully funded/within budget..contracts in place..so foundation rock solid.
Phase 2 The $250m from Sojitz compared to LYC,s Market cap,now really doesnt seem so much.
LAMP..Construction would currently be gearing for phase 1 with provisonal work also commencing for phase 2..this is where the $250m would be drawn down from.
This would complete phase 2 by Q3 2012.
Sojitz is between a rock and a hard place.
Phase 1 will happen without them.
If they pull the pin,Japanese REE users are in dire straight (stuffed)they have nowhere to go.China..hardly...because by first production Sept..6 mths from now,failing another earthquake/tsunami,efficient Japan will be running on all cylinders.
If Sojitz request an extension,they risk that the $250m will be jumped at by other bidders.
Apart from the $250m there are contracts hanging off this deal worth 1000 fold to LYC,so it would be hard to be trumpted.
If the extension say is for 6 mths,LYC would not want to hinder the momentum of phase 2 and this could be the reason for the CR..a gap filler.
Malaysia.
It now makes Ziggy Switkowski,s position much clearer.
We know that MT W and even more so malawi have radioactivety levels below International level requirements.
There are so many comparisons of everyday exposure to radioactivity,mobile phones,etc etc ,was amused to read even laying beside someone in bed over night generates radiation.(not going there here,maybe on the humour site)
Its any easy arguement to convince the lovely malaysian worriers,even i could do it..but to add credability Im sure the keynote speaker will be Ziggy..heres why.
BACKGROUND*
Dr. Zygmunt Edward SWITKOWSKI, Ziggy, B.Sc Hons, Ph.D. (Nuclear Physics), FAICD, FTSE served as the Chief Executive Officer and Managing Director of Telstra Corporation Limited from March 1999 to July 1, 2005. Dr. Switkowski has significant senior executive operating and Board experience gained from leading large Australian and international organisations. Dr. Switkowski served as Chief Executive Officer of Optus Communications Limited. He served as the Chairman and ... Managing Director of Kodak Australasia Pty Ltd. from 1992 to 1996 and also served as its Chief Executive Officer and worked there for 18 years. Dr. Switkowski has been the Chairman of Australian Nuclear Science & Technology Organisation since March 2007. He serves as Chairman of the Board of Opera Australia. Dr. Switkowski has been a Non Executive Independent Director of Healthscope Ltd. since January 19, 2006. He has been Non Executive Director of Lynas Corp. Ltd. since February 1, 2011. He has been a Non-Executive Director at Suncorp-metway Ltd., since September 19, 2005, Oil Search Limited since November 22, 2010 and Tabcorp Holdings Ltd., since October 2, 2006. He serves as a Director of REACH Ltd. He served as a Director of Telstra Corporation Limited from March 1, 1999 to July 1, 2005. He served as a Director of FOXTEL Cable Television Pty Limited. He served as President of Australian Centre for the Moving Image. He is a Director of the Business Council of Australia. Dr. Switkowski is a Fellow of the Australian Academy of Technological Sciences and Engineering and of the Australian Institute of Company Directors (AICD). He holds Ph.D in nuclear physics from University of Melbourne.
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Last
$6.94 |
Change
0.070(1.02%) |
Mkt cap ! $6.486B |
Open | High | Low | Value | Volume |
$6.94 | $7.04 | $6.88 | $23.17M | 3.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $6.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.97 | 13052 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 6.930 |
3 | 29091 | 6.920 |
5 | 30926 | 6.910 |
6 | 28828 | 6.900 |
2 | 14432 | 6.890 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 13052 | 3 |
6.980 | 14775 | 3 |
6.990 | 12282 | 2 |
7.000 | 21369 | 3 |
7.020 | 3000 | 1 |
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